Commodities Fall On Economic Slowdown Fears, Led Down By Crude

After weeks of flirting with the support line, the S&P GSCI Equal-Weighted Total Return Index just broke through its 3-month moving average

Published Jul 20, 2021 2:16 AM ET

S&P GSCI Equal-Weighted Total Return Index | Sources: ϕpost, Refinitiv data

SMM Rare Earth Neodymium Oxide Spot Price Daily up 9.0% (YTD: 12.3%)
Freightos Baltic China/East Asia To North America West Coast 40 Container Index up 8.6% (YTD: 55.7%)
SMM Rare Earth Neodymium Metal Spot Price Daily up 8.3% (YTD: 15.7%)
SMM Rare Earth Praseodymium Oxide Spot Price Daily up 6.0% (YTD: 59.3%)
SMM Rare Earth Praseodymium Metal Spot Price Daily up 5.6% (YTD: 32.7%)
Silver/US Dollar 1 Month ATM Option IV up 3.4% (YTD: -44.2%)
CME Random Length Lumber up 2.9% (YTD: -36.8%)
SHFE Stannum (Tin) up 2.9% (YTD: 54.3%)
NYMEX Henry Hub Natural Gas up 2.9% (YTD: 48.8%)
SMM Rare Earth Praseodymium Neodymium Alloy Spot Price Daily up 2.8% (YTD: 43.0%)

NYMEX Light Sweet Crude Oil (WTI) down -7.5% (YTD: 36.9%)
ICE Europe Brent Crude down -6.8% (YTD: 32.5%)
NYMEX RBOB Gasoline down -6.4% (YTD: 49.8%)
NYMEX NY Harbor ULSD down -6.1% (YTD: 34.5%)
ICE Europe Low Sulphur Gasoil down -5.8% (YTD: 33.7%)
ICE-US Cotton No. 2 down -4.0% (YTD: 11.5%)
ICE-US Coffee down -3.7% (YTD: 21.1%)
ICE-US Sugar No. 11 down -3.6% (YTD: 10.2%)
ICE-US Cocoa down -3.5% (YTD: -14.0%)

WTI crude front month currently at US$ 66.78 per barrel, down -7.5% (YTD: +36.9%); 6-month term structure in tightening backwardation
Brent crude front month currently at US$ 68.92 per barrel, down -6.8% (YTD: +32.5%); 6-month term structure in tightening backwardation
Brent volatility at 36.2, up 17.4% (12-month range: 24.7 - 57.6)
Newcastle Coal (ICE Europe) currently at US$ 150.00 per tonne, up 1.3% (YTD: +86.3%)
Natural Gas (Henry Hub) currently at US$ 3.76 per MMBtu, up 2.9% (YTD: +48.8%)
Gasoline (NYMEX) currently at US$ 2.12 per gallon, down -6.4% (YTD: +49.8%); 6-month term structure in tightening backwardation
Low Sulphur Gasoil (ICE Europe) currently at US$ 560.25 per tonne, down -5.8% (YTD: +33.7%)

Copper (COMEX) currently at US$ 4.21 per pound, down -2.8% (YTD: +19.8%)
Iron Ore (Dalian Commodity Exchange) currently at CNY 1,279.50 per tonne, down -1.8% (YTD: +19.0%)
Aluminum (Shanghai) currently at CNY 18,975 per tonne, down -0.6% (YTD: +23.5%)
Nickel (Shanghai) currently at CNY 137,900 per tonne, up 1.2% (YTD: +15.2%)
Lead (Shanghai) currently at CNY 15,590 per tonne, down -0.5% (YTD: +7.7%)
Rebar (Shanghai) currently at CNY 5,420 per tonne, up 1.6% (YTD: +31.3%)
Tin (Shanghai) currently at CNY 227,540 per tonne, up 2.9% (YTD: +54.3%)
Zinc (Shanghai) currently at CNY 22,425 per tonne, up 1.1% (YTD: +8.0%)
Refined Cobalt (Shanghai) spot price currently at CNY 379,500 per tonne, unchanged (YTD: +38.5%)
Lithium (Shanghai) spot price currently at CNY 620,000 per tonne, unchanged (YTD: +27.8%)

Gold spot currently at US$ 1,813.71 per troy ounce (YTD: -4.5%)
Gold 1-Month ATM implied volatility currently at 13.11, up 2.3% (YTD: -17.0%)
Silver spot currently at US$ 25.20 per troy ounce, down -1.9% (YTD: -4.6%)
Silver 1-Month ATM implied volatility currently at 22.85, up 3.4% (YTD: -44.2%)
Palladium spot currently at US$ 2,601.62 per troy ounce, down -1.3% (YTD: +6.0%)
Platinum spot currently at US$ 1,079.40 per troy ounce, down -2.5% (YTD: +0.5%)
Rhodium (Johnson Matthey, New York 09:30) currently at US$ 18,800 per troy ounce, down -3.1% (YTD: +10.3%)
Iridium (Johnson Matthey, New York 09:30) currently at US$ 5,600 per troy ounce, unchanged (YTD: +115.4%)

Live Cattle (CME) currently at US$ 120.25 cents per pound, up 0.1% (YTD: +6.5%)
Lean Hogs (CME) currently at US$ 104.48 cents per pound, down -1.1% (YTD: +48.7%)
Rough Rice (CBOT) currently at US$ 13.04 cents per hundredweight, down -1.4% (YTD: +5.2%)
Soybeans Composite (CBOT) currently at US$ 1,433.75 cents per bushel, down -1.8% (YTD: +8.6%)
Corn (CBOT) currently at US$ 558.50 cents per bushel, down 0.0% (YTD: +14.9%)
Wheat Composite (CBOT) currently at US$ 702.25 cents per bushel, up 0.8% (YTD: +8.9%)
Sugar No.11 (ICE US) currently at US$ 17.07 cents per pound, down -3.6% (YTD: +10.2%)
Cotton No.2 (ICE US) currently at US$ 87.11 cents per pound, down -4.0% (YTD: +11.5%)
Cocoa (ICE US) currently at US$ 2,239 per tonne, down -3.5% (YTD: -14.0%)
Coffee Arabica (Colombia Excelso) currently at EUR 3,985 per tonne, up 2.2% (YTD: +25.9%)
Random Length Lumber (CME) currently at US$ 552.10 per 1,000 board feet, up 2.9% (YTD: -36.8%)
TSR 20 Rubber (Shanghai) currently at CNY 10,255 per tonne, up 0.6% (YTD: +7.6%)
Soybean Oil Composite (CBOT) currently at US$ 66.97 cents per pound, down -2.4% (YTD: +53.9%)
Crude Palm Oil (Bursa Malaysia) currently at MYR 4,340 per tonne, up 0.9% (YTD: +11.5%)

Baltic Dry Index (Baltic Exchange) currently at 3,039, down -1.1% (YTD: +122.5%)
Freightos China To North America West Coast Container Index currently at 6,540, up 8.6% (YTD: +55.7%)
Freightos North America West Coast To China Container Index currently at 1,076, unchanged (YTD: +107.7%)
Freightos North America East Coast To Europe Container Index currently at 697, unchanged (YTD: +91.9%)
Freightos Europe To North America East Coast Container Index currently at 6,013, down -0.2% (YTD: +221.7%)
Freightos China To North Europe Container Index currently at 13,209, up 1.2% (YTD: +133.3%)
Freightos North Europe To China Container Index currently at 1,617, up 0.5% (YTD: +17.6%)
Freightos Europe To South America West Coast Container Index currently at 4,463, unchanged (YTD: +163.8%)

EUA futures front month (European Energy Exchange) currently at EUR 52.41 per tonne, down -0.9% (YTD: +60.2%)

EUA front-month future | Sources: phipost.com, Refinitiv data